Mercy Neighborhood Ministries Inc

Analysis

Mercy Neighborhood Ministries Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Mercy Neighborhood Ministries Inc reported income of $3.0m and spending of $3.4m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.1m to $3.0m (-4.4%), an average of -1.1% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercy Neighborhood Ministries Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Abilitypath Housing ($3.0m), Lake City Partners Ending Homelessness ($3.0m) and Oxford Circle Christian Communitydevelopment Association Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $160k (4.7% of expenses). At year end it held assets of $5.7m against liabilities of $1.9m, net assets of $3.8m. It reported 53 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.